CONTENT •Cost using techniques and cost analysis to produce income statement using marginal & absorption costs •Income statement under absorption costing
Cost using techniques and cost analysis to produce income statement using marginal & absorption costs 3 ActivityAprilMay Variable Manufacturing cost per unit44 Fixed Manufacturing Overhead per unit65 Total109 Preparation of income statements: Cost per unit under absorption costing-
Income statement under absorption costing 4 ParticularsAprilMay Sales1600016000 Less: Cost of sales2000023000 Fixed Manufacturing Overhead1500015000 Variable Manufacturing cost1000012000 Closing stock50009000 Opening stock05000 Gross loss-4000-7000 Less: Fixed Non Manufacturing Cost-4000-4000 Net Loss-8000-11000
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